FlexEnergy Inc Wins Grant, Expands Hiring Plans in Clean Tech Sector

IRVINE, Calif., May 26, 2011 /PRNewswire/ -- FlexEnergy Inc (www.flexenergy.com), a clean tech business with the breakthrough solution to create clean energy with near zero emissions from harmful greenhouse gases, is now armed by the State of New Hampshire's Job Training Fund to train upwards of 20 new people it will hire to fuel the company's expansion. Following active hiring at its Irvine, Calif. headquarters and the completed acquisition of Ingersoll Rand's Energy Systems business in January, FlexEnergy Inc has become one of the fastest growing clean tech companies, escalating from 10 to over 100 employees in the past two years alone. The company is one of six recipients of a total of over $325,000 for training more than 330 new workers in New Hampshire.

FlexEnergy Inc's Portsmouth, N.H. facilities were visited last week by CNN's "The Situation Room" to spotlight one of the challenges of hiring in the clean tech sector – the lack of skilled workers for manufacturing the complex technology. The Job Training Fund sets aside up to two million dollars per year to address this problem by increasing the state's workforce skill level to support growing job sectors in clean technology and manufacturing.

"The state's grant will help us continue to hire and train quality employees to deliver innovative technology to our customers including the federal government, one of the largest single energy consumers," said Joseph Perry, CEO of FlexEnergy Inc. "We support Senator Shaheen's (D-N.H.) efforts to bring new jobs, skilled workers and clean energy to the U.S. and New Hampshire in particular. We see her energy efficiency legislation as an important step forward in our mission to expand the reach of revolutionary clean technologies to help rebuild our economy and environment."

FlexEnergy Inc hosted U.S. Senator Jeanne Shaheen (D-N.H.) as she toured its manufacturing facilities and rolled out the Energy Savings and Industrial Competitiveness Act of 2011 (Bill S.1000) on Monday, May 23. Senator Shaheen operated FlexEnergy Inc's turbine machinery to see firsthand the potential for onsite power generation technologies that reduce companies' carbon footprint while saving billions in energy costs and generating new clean energy jobs.

"Our economy is turning the corner, but for many Americans there are still major concerns about rising energy costs and a shortage of jobs. We can tackle both of these issues head on through energy efficiency," said Senator Jeanne Shaheen (D-N.H.), a member of the Senate Committee on Energy and Natural Resources. "Energy efficiency is affordable, it is effective, and it uses existing technology that is produced right here in New Hampshire at companies like FlexEnergy. It was interesting and informative to have the opportunity to tour FlexEnergy's facilities and meet so many of its employees. I appreciate the support that FlexEnergy, and so many in the business community, have voiced for my bipartisan legislation."

About FlexEnergy Inc:

FlexEnergy Inc (www.flexenergy.com) is the developer of the world's cleanest power platforms, transforming one of the world's largest sources of greenhouse gases (low quality methane) from a source of pollution into a clean energy source. FlexEnergy Inc manufactures a product line of turbines with the lowest emissions and widest fuel flexibility. The energy-efficient Flex Turbine™ MT250 is the leader in its class with hundreds of thousands of field operating hours. The Flex Powerstation™ FP250 with the patented thermal oxidizer is the only turbine which offers both pollution control and energy generation. FlexEnergy Inc is headquartered in Irvine, Calif. with manufacturing and service facilities in Portsmouth, N.H. and Mocksville, N.C.

For more information, visit www.flexenergy.com.

About SAIL:

SAIL Venture Partners LLC is a cleantech investment firm with unique global insight into technologies, markets and opportunities. Drawing on decades of experience in cleantech and in growing successful businesses, the SAIL team invests in emerging cleantech companies with proven technologies, visionary leadership, demonstrated revenue and profit growth potential. SAIL has invested in a number of today's leading global cleantech companies, including: FlexEnergy, The Cleantech Group, Xtreme Power, Ice Energy, Enerpulse, Kokam Advanced Batteries, SNTech Motors, and WaterHealth International.  For more information, visit www.sailvc.com.

SOURCE FlexEnergy Inc